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Putnam Managed Municipal Income - PMM STOCK NEWS

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Putnam Investments has released 19(a) monthly distribution notices for Putnam Managed Municipal Income Trust (NYSE: PMM) and Putnam Municipal Opportunities Trust (NYSE: PMO). These notices provide details on the sources of the funds' monthly distributions.

For PMM, the current month's per share distribution is $0.0238, with 76.9% from net investment income and 23.1% from return of capital. For PMO, the current month's per share distribution is $0.0350, with 76.6% from net investment income and 23.4% from return of capital.

The 5-year annualized return at NAV for PMM is 1.79% with a current distribution rate of 4.07%, while PMO shows a 1.84% return and 3.57% distribution rate. Both funds estimate distributing more than their income and net realized capital gains, indicating a portion of distributions may be a return of capital.

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Rhea-AI Summary

Putnam Investments has released 19(a) monthly distribution notices for Putnam Managed Municipal Income Trust (NYSE: PMM) and Putnam Municipal Opportunities Trust (NYSE: PMO). These notices provide details on the sources of the funds' monthly distributions. For PMM, the current month's distribution is $0.0238 per share, with 81.5% from net investment income and 18.5% from return of capital. PMO's current distribution is $0.0350 per share, with 84.9% from net investment income and 15.1% from return of capital.

The 5-year annualized return at NAV for PMM is 1.28%, with a current distribution rate of 4.14%. PMO's 5-year return is 1.27%, with a 3.62% distribution rate. Both funds have distributed more than their income and net realized capital gains, indicating a portion of distributions may be a return of capital. Shareholders are advised not to draw conclusions about investment performance from these distributions.

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Rhea-AI Summary

Putnam Investments has released 19(a) monthly distribution notices for Putnam Managed Municipal Income Trust (NYSE: PMM) and Putnam Municipal Opportunities Trust (NYSE: PMO). These notices provide details on the sources of the funds' monthly distributions. For PMM, the current month's distribution is $0.0238 per share, with 92.4% from net investment income and 7.6% from return of capital. PMO's current distribution is $0.0350 per share, with 90% from net investment income and 10% from return of capital.

The fiscal year-to-date distributions for both funds show a higher percentage of return of capital. PMM's 5-year annualized return at NAV is 1.64%, with a current distribution rate of 4.15%. PMO's 5-year annualized return is 1.66%, with a 3.63% distribution rate. Investors are cautioned that a portion of the distribution may be a return of capital and should not be confused with yield or income.

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Rhea-AI Summary

Boston-based Putnam Investments has released the 19(a) notices for its closed-end municipal funds, specifically the Putnam Managed Municipal Income Trust (NYSE: PMM) and Putnam Municipal Opportunities Trust (NYSE: PMO). These notices detail the sources of the funds’ monthly distributions, following the latest distribution announcements.

For PMM, the July distribution per share is $0.0238, with 80.3% from net investment income and 19.7% from return of capital. Fiscal YTD distribution stands at $0.2142 per share, with 75.6% from net investment income.

For PMO, the July distribution per share is $0.0350, with 73.4% from net investment income and 26.6% from return of capital. Fiscal YTD distribution is $0.1050 per share, with the same percentage split.

As of June 30, 2024, PMM has an annualized current fiscal return of 4.19% and a 5-year cumulative return of 21.88%, while PMO has an annualized fiscal return of 3.66% and a 5-year cumulative return of 3.32%.

These notices are estimates and not for tax reporting purposes. Final details will be provided in Form 1099-Div. More information is available on putnam.com.

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Putnam Investments has released the 19(a) monthly distribution notices for the Putnam Managed Municipal Income Trust (NYSE: PMM) and Putnam Municipal Opportunities Trust (NYSE: PMO). These notices detail the sources of the funds' monthly distributions. For PMM, the current monthly distribution is $0.0238 per share, with 72.3% from net investment income and 27.7% as a return of capital. Fiscal YTD distribution stands at $0.1904 per share. For PMO, the current monthly distribution is $0.0350 per share, with 72.6% from net investment income and 27.4% as a return of capital. Fiscal YTD distribution is $0.0700 per share. The notice clarifies that a portion of these distributions may be a return of capital and should not be considered an indicator of the funds' investment performance. Full and top 10 holdings will be available monthly on Putnam's website.

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Putnam Investments announced the 19(a) monthly distribution notices for Putnam Managed Municipal Income Trust (PMM) and Putnam Municipal Opportunities Trust (PMO). The notices provide details on the sources of the funds' monthly distributions. The estimated sources and percentages of distributions are listed for both funds. The PR also includes information on distributions, total return performance, and tax reporting.

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Rhea-AI Summary
Putnam Managed Municipal Income Trust (PMM) and Putnam Municipal Opportunities Trust (PMO) have released their 19(a) monthly distribution notices, detailing the sources of the funds' distributions. PMM's current distribution includes $0.0238 per share, with 80.3% from net investment income and 19.7% from return of capital. PMO's distribution is $0.0350 per share, with 83.7% from net investment income and 16.3% from return of capital. PMM has an annualized cumulative 5-year return of 19.71%, while PMO's is 6.45%.
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Putnam Managed Municipal Income Trust (PMM) and Putnam Municipal Opportunities Trust (PMO) have released their 19(a) monthly distribution notices, detailing the sources of their monthly distributions. PMM's current distribution includes $0.0238 per share, with 82.8% from net investment income. PMO's distribution is $0.0350 per share, with 78.6% from net investment income. Both funds show positive annualized returns at 2.05% and 2.46% respectively.
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Putnam Managed Municipal Income Trust (PMM) and Putnam Municipal Opportunities Trust (PMO) have released their 19(a) monthly distribution notices, providing details on the sources of the funds’ monthly distributions. PMM's current distribution is $0.0238 per share, with 68.5% from net investment income and 31.5% from return of capital. PMO's current distribution is $0.0350 per share, with 70.3% from net investment income and 29.7% from return of capital. PMM's annualized cumulative 5-year return at NAV is 18.16%, and PMO's is 5.89%.
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Rhea-AI Summary
Putnam Managed Municipal Income Trust (PMM) and Putnam Municipal Opportunities Trust (PMO) have released their 19(a) monthly distribution notices. The notices provide details on the sources of the funds’ monthly distributions, including net investment income, short-term capital gains, long-term capital gains, and return of capital. PMM's current month distribution is $0.0238 per share, with 75.2% from net investment income and 24.8% from return of capital. PMO's current month distribution is $0.0350 per share, with 70.0% from net investment income and 30.0% from return of capital. PMM's annualized cumulative 5-year return at NAV is 17.56%, while PMO's is 6.02%.
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FAQ

What is the current stock price of Putnam Managed Municipal Income (PMM)?

The current stock price of Putnam Managed Municipal Income (PMM) is $6.48 as of October 9, 2024.

What is the market cap of Putnam Managed Municipal Income (PMM)?

The market cap of Putnam Managed Municipal Income (PMM) is approximately 296.4M.

Putnam Managed Municipal Income

NYSE:PMM

PMM Rankings

PMM Stock Data

296.39M
46.43M
0.02%
17.78%
0.06%
Asset Management
Financial Services
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United States of America
Boston